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4760 Westbank Expy

Marrero, LA 70072

$995,000

Daycare Center For Sale  •  13,000 Sq Ft

Property Details

  • Property Type Daycare Center
  • Total Building Size 13,000 Sq Ft
  • Building Class C
  • Year Built 1970
  • Cap Rate 11.76 %
  • Tenancy Multiple
  • Zoning C2
0 Transit Score
72 Walk Score

Description

11% cap rate - great investment opportunity!

Situated on the corner before Barataria Boulevard, this site has great visibility and access right off of Hwy 90.  It is currently lease to two separate education related tenants.  The main tenant occupying the building has been at this location for 7 years and the tenant leasing the back parking lot has been at this location for 2 years.

Originally built as a United States Post Office, the building is well designed and has solid bones.    The site is over 38,000 SF and has ample parking. The surrounding retailers include Winn Dixie, Popeyes, and Walgreens.  West Jefferson High School and Arch Bishop Shaw are within a half mile.

Property Flyers

Financial Summary

Cap Rate: 11.76 %

Major Tenants

Tenant SF Occupied Lease End Date
Toddler College Dycr-Preschool 9,200 SF

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage

Public Transportation

AirportDriveWalkDistance
Louis Armstrong New Orleans International Airport 31 min - 22.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 44
Type: Surface
Included in Rent: Yes
Tabitha McCullough 504-301-1002 ben + burka
Tabitha McCullough 504-301-1002 ben + burka